IDFC First Bank Flags ₹590 Cr Fraud in Haryana Govt Accounts

IDFC First Bank reported suspected fraud of ₹590 crore involving Haryana government-linked accounts at its Chandigarh branch. Preliminary findings indicate involvement of certain employees, now suspended. The issue surfaced during account reconciliation. The bank has initiated an investigation, forensic audit, and informed its board committee; impact remains under assessment.